Relaxo Footwears gets NCLT approval for scheme of amalgamation

Relaxo Footwears has received an approval of the National Company Law Tribunal (NCLT), Principal Bench, New Delhi, to the Scheme of Amalgamation between Marvel Polymers, Relaxo Rubber and the company and their respective shareholders and creditors.

Relaxo Footwears is engaged in the manufacturing and trading of footwear and related products. The principal activity of the company is the manufacture of footwear made primarily of vulcanized or molded rubber and plastic.